The three major U.S. stock indices rose collectively, marking a consecutive four-day pump. The S&P 500 index hit a new high, with the Nasdaq up 0.57% and the Dow up 0.16%. What is behind this wave of rise? The U.S. GDP growth rate for the third quarter reached 4.3%, far exceeding market expectations. However, the market remains cautious about the Fed's stance—although traders generally expect two rate cuts next year, the probability of a cut at the January 28 meeting is considered low.
Technology stocks have strengthened across the board. Nvidia rose by just over 3%, reaching its highest point since November 17, with a market capitalization returning to over $4.6 trillion. Other large tech stocks also performed well, with Google rising 1.39%, Amazon up 1.62%, and Apple, Microsoft, and Meta all experiencing varying degrees of increase, while Tesla showed a slight decline, falling 0.65%. The semiconductor sector also performed well, with the Philadelphia Semiconductor Index up 0.55%, and Micron Technology and TSMC rising 3.4% and 1.25%, respectively.
It is worth noting that Novo Nordisk rose significantly by 7.3%, even exceeding 10.6% at one point during the trading day — this is because the US FDA just approved its first oral GLP-1 weight loss medication.
In contrast, the performance of Chinese concept stocks is relatively lackluster. The Nasdaq Golden Dragon China Index fell by 0.58%, with most popular Chinese concept stocks declining, including 21Vianet, Pony.ai, NIO, Li Auto, and Xpeng, all of which fell by more than 1.6%. However, there were also some that rose against the trend, with Alibaba, Pinduoduo, and JD.com showing small gains but maintaining positive returns.
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blocksnark
· 9h ago
NVIDIA has reached a new high again. This wave of technology rebound is indeed strong, but why is TSL still lagging behind...
Chinese concept stocks are still the same, it's tough. When can they turn around...
Novo Nordisk is rising so fiercely; the weight loss concept is truly an eternal trend.
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gas_fee_trauma
· 11h ago
Nvidia has risen again, but my Wallet hasn't moved...
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Tech stocks have surged this round, but looking at Tesla's dismal state, what is Musk up to again?
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GDP at 4.3% is so strong, why is there still no rate cut at the end of January? The Fed is really cautious.
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Novo Nordisk rose 7.3%, the thin ones are about to make a fortune, is it the springtime for the chubby ones?
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Chinese concept stocks are down again, it's really time to consider close all positions...
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Semiconductors have only risen a bit, TSMC still needs to push further.
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US stocks are hitting new highs, while we are still breaking bottoms; the gap is not just a little big.
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Why can Nvidia reach 4.6 trillion, while our internet is still shrinking despite being so competitive?
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Alibaba and Pinduoduo have finally shown some strength; otherwise, it would have been a total collapse.
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GLP-1 weight loss drugs hit the limit up in one batch; capital loves this kind of certainty.
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GasFeeCrying
· 11h ago
NVIDIA is going to take off again, this wave of tech stock rebound is really different.
Tesla fell? What is Musk up to again?
Chinese concept stocks are still pumping, when can they turn around?
Novo Nordisk rose by 7 points, the weight loss drug sector is really crazy.
GDP is at 4.3%, the US economy is so strong, how can we compete?
The semiconductor rise is not significant, but at least it hasn't collapsed, that's not bad.
It's NVIDIA again holding the scene, this guy can really attract capital.
Chinese concept stocks really have to bail-in, it's too hard to continue like this.
If the Fed doesn't cut interest rates, can tech stocks still rise like this?
Pinduoduo and JD can still hold on, but others really can't take it.
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SchrödingersNode
· 12h ago
NVIDIA has taken off again, this rhythm is a bit intense... No one can really stop the chip sector.
TSL has fallen, haha, Musk must be heartbroken after seeing this.
Novo Nordisk's rise is incredible, once the weight loss drug is approved, it's going to da moon, a bit funny.
Chinese concept stocks are really like that, still need to see the face of the US side.
4.3% GDP sounds good, but why does it feel like the market is still not buying it?
No hope for interest rate cuts, how are we going to play this next year?
Pinduoduo is still holding on, not bad, not bad.
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AllInAlice
· 12h ago
NVIDIA has reached a new high again. Is this market rally really at its peak? However, looking at the GDP data, the Fed's hope for a short-term rate cut seems bleak, and we’ll have to wait and see what next year holds.
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Why is TSL still falling while other big companies are soaring?
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Novo Nordisk at 7.3%, once the FDA approves, it has this kind of power. The weight-loss drug sector is really taking off.
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Chinese concept stocks have taken a hit again. Seeing the US tech stocks performing so well, it’s quite quiet on our side.
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The S&P 500 hits a new high; it's tough for those without a Position to watch.
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The Philadelphia Semiconductor Index only rose by 0.55%? It feels lacking in heat; it’s still NVIDIA walking on its own.
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Alibaba and Pinduoduo can still maintain positive returns, which can be considered a blessing in disguise.
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A GDP of 4.3%, this data can indeed support the atmosphere of the US stock market.
The three major U.S. stock indices rose collectively, marking a consecutive four-day pump. The S&P 500 index hit a new high, with the Nasdaq up 0.57% and the Dow up 0.16%. What is behind this wave of rise? The U.S. GDP growth rate for the third quarter reached 4.3%, far exceeding market expectations. However, the market remains cautious about the Fed's stance—although traders generally expect two rate cuts next year, the probability of a cut at the January 28 meeting is considered low.
Technology stocks have strengthened across the board. Nvidia rose by just over 3%, reaching its highest point since November 17, with a market capitalization returning to over $4.6 trillion. Other large tech stocks also performed well, with Google rising 1.39%, Amazon up 1.62%, and Apple, Microsoft, and Meta all experiencing varying degrees of increase, while Tesla showed a slight decline, falling 0.65%. The semiconductor sector also performed well, with the Philadelphia Semiconductor Index up 0.55%, and Micron Technology and TSMC rising 3.4% and 1.25%, respectively.
It is worth noting that Novo Nordisk rose significantly by 7.3%, even exceeding 10.6% at one point during the trading day — this is because the US FDA just approved its first oral GLP-1 weight loss medication.
In contrast, the performance of Chinese concept stocks is relatively lackluster. The Nasdaq Golden Dragon China Index fell by 0.58%, with most popular Chinese concept stocks declining, including 21Vianet, Pony.ai, NIO, Li Auto, and Xpeng, all of which fell by more than 1.6%. However, there were also some that rose against the trend, with Alibaba, Pinduoduo, and JD.com showing small gains but maintaining positive returns.